Fitch Ratings has assigned a long-term rating of 'AA' to $105.8 million of series 2011 revenue and refunding bonds to be issued by the Washington Health Care Facilities Authority and $329 million of series 2011 bonds to be issued by the Colorado Health Facilities Authority to benefit Catholic Health Initiatives.
Fitch also assigned a short-term rating of 'F1+' to approximately $157 million of the series 2011 bonds for CHI expected to be issued by the Kentucky Economic Development Finance Authority.
In addition, Fitch affirmed its 'AA' rating on approximately $4.1 billion of the system's outstanding debt and its 'F1+' short-term rating on approximately $1.6 billion outstanding short-term debt consisting of variable rate demand bonds, put bonds and commercial paper.
Proceeds from the series 2011 issue will be used to fund various capital projects and improvements throughout the system, refund approximately $475.7 million of debt outstanding and pay associated costs of issuance. The fixed rate bonds are expected to be priced during the week of Oct. 10 through negotiation while the variable rate bonds are expected to be priced on or about Nov. 3.
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Fitch also assigned a short-term rating of 'F1+' to approximately $157 million of the series 2011 bonds for CHI expected to be issued by the Kentucky Economic Development Finance Authority.
In addition, Fitch affirmed its 'AA' rating on approximately $4.1 billion of the system's outstanding debt and its 'F1+' short-term rating on approximately $1.6 billion outstanding short-term debt consisting of variable rate demand bonds, put bonds and commercial paper.
Proceeds from the series 2011 issue will be used to fund various capital projects and improvements throughout the system, refund approximately $475.7 million of debt outstanding and pay associated costs of issuance. The fixed rate bonds are expected to be priced during the week of Oct. 10 through negotiation while the variable rate bonds are expected to be priced on or about Nov. 3.
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